Checked.be
Active
BE 0436.660.445Public limited company
IMMODEM
Boulevard d'Avroy 19 ·4000 Liège, Belgium· 37 yrs active
Sector: Ontwikkeling van residentiële bouwprojecten
(68121)
Conclusion
The computed 12-month bankruptcy probability of IMMODEM is 0.1% (very low). The 2025 annual accounts show equity of €1.31M and a net result of €98k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 1360 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 8 annual accounts.
Key figures
| Equity | €1.31M |
| Net result | €98k |
| Better than sector | 95% |
| Active | 37 yrs |
Financial profile
77
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
37
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
0.1%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Long track record
−Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1989, 37 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-07-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Gross margin: stable across 8 fiscal years (±1.7%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 97.6% | 22.9% | |
| Net result | €98k | €10k | |
| Equity | €1.31M | €44k | |
| Gross operating margin | €217k | €39k | |
| Total assets | €1.34M | €292k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€146k
+5.9%
18-25
€98k
+12.9%
18-25
€112k
+2.6%
18-25
€1.34M
+8.7%
18-25
€1.31M
+8.1%
18-25
€906k
+14.3%
18-25
€34k
+18.1%
18-25
€32k
+39.7%
18-25
Show 9 other metrics
€14k
+77.1%
18-25
€11k
+35.7%
18-25
67.64
-35.1%
18-25
67.64
-35.1%
18-25
97.6%
-0.5%
18-25
0.02
+29.3%
18-25
7.5%
+4.4%
18-25
7.3%
+3.8%
18-25
171.58
-11.3%
18-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €146k |
| Net profit | €98k |
| Cash flow | €112k |
| Staff costs | - |
| Income taxes | €34k |
| Dividends | - |
| Total assets | €1.34M |
| Equity | €1.31M |
| Debt | €32k |
| of which ≤ 1y | €14k |
| of which > 1y | €11k |
| Working capital | €906k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 67.64 |
| Quick ratio | 67.64 |
| Working capital ratio | 67.7% |
| Solvency | 97.6% |
| Debt / equity | 0.02 |
| Long-term debt ratio | 0.01 |
| Interest coverage | 171.58 |
| Gross margin | - |
| Net margin | - |
| ROA | 7.3% |
| ROE | 7.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.34M |
| Fixed assets | 21/28 | €419k |
| Tangible fixed assets | 22/27 | €419k |
| Current assets | 29/58 | €920k |
| Amounts receivable within one year | 40/41 | €3k |
| Cash & bank | 54/58 | €915k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.34M |
| Equity | 10/15 | €1.31M |
| Contributions / capital | 10/11 | €100k |
| Reserves | 13 | €10k |
| Accumulated profits (losses) | 14 | €1.20M |
| Amounts payable | 17/49 | €32k |
| Amounts payable after one year | 17 | €11k |
| Amounts payable within one year | 42/48 | €14k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Gross operating margin | 9900 | €217k |
| Operating result | 9901 | €133k |
| Financial charges | 65 | €853 |
| Result before taxes | 9903 | €132k |
| Income taxes | 67/77 | €34k |
| Net result for the period | 9904 | €98k |
| Result to be appropriated | 9905 | €98k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
Current directors & mandates
-
Jean-Christophe SINCLAIRManaging directorState Gazette act 21006544 (18-01-2021)Current17-07-2017 → present
2 events
- 18-01-2021 Appointed· Managing director
- 17-07-2017 Appointed· Gestion
Historic, not recently confirmed (4)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Evelyn DEMARCHEDirectorState Gazette act 18176386 (10-12-2018)Not recently confirmedlast confirmed in an act from 2018
-
Marie-France DEMARCHEDirectorState Gazette act 18176386 (10-12-2018)Not recently confirmedlast confirmed in an act from 2018
-
Jean-Philippe SinclairDirectorState Gazette act 17103299 (17-07-2017)Not recently confirmedlast confirmed in an act from 2017
-
Natacha LuyckxDirectorState Gazette act 17103299 (17-07-2017)Not recently confirmedlast confirmed in an act from 2017
Former directors (1)
-
Georgette PonceletDirectorState Gazette act 09066083 (11-05-2009)Former11-05-2009 → 17-07-2017
2 events
- 17-07-2017 Resigned· Director
- 11-05-2009 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
| NACE primary | Ontwikkeling van residentiële bouwprojecten(68121) |
| Legal form | Public limited company(014) |
| Incorporation | 26-01-1989 |
| Status | Active |
| Postal code | 4000 |
Establishment units
Boulevard d'Avroy 19, 4000 Liège
since 19892.042.467.236
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62803A1356/00L000 | Wallonia | 335 m² | - | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
17-07-2026
NBB filing
Annual accounts filed
16-07-2026
NBB filing
Annual accounts filed
2024
25-09-2024
State Gazette act
Director changes
23-08-2024
NBB filing
Annual accounts filed
2023
14-07-2023
State Gazette act
Director changes
22-06-2023
NBB filing
Annual accounts filed
22-06-2023
NBB filing
Annual accounts filed
2021
22-06-2021
NBB filing
Annual accounts filed
18-01-2021
State Gazette act
Capital & shares
2020
28-09-2020
NBB filing
Annual accounts filed
2019
19-09-2019
NBB filing
Annual accounts filed
2018
10-12-2018
State Gazette act
Director changes
28-08-2018
NBB filing
Annual accounts filed
10-01-2018
State Gazette act
Capital & shares
2017
17-07-2017
State Gazette act
Director changes
11-07-2017
NBB filing
Annual accounts filed
2009
11-05-2009
State Gazette act
Director changes
Belgian State Gazette reading coverage
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Capital history · 2
18-01-2021
v3.2
10-01-2018
v3.2
All acts · 7
updated 1 year ago
2024
25-09-2024 Change in the board of directors
Summary:
v3.2
Technical details
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}2023
14-07-2023 Change in the board of directors
Summary:
v3.2
Technical details
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}2021
18-01-2021 Capital increase of €125,000 to €600,000
- €475.000 → €600.000
- Inbreng in natura · Apport en nature
Summary:
v3.2
Technical details
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}2018
10-12-2018 2 directors appointed
- Evelyn DEMARCHE, Bestuurder
- Marie-France DEMARCHE, Bestuurder
Summary:
v3.2
Technical details
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}10-01-2018 Capital decrease of €602,000 to €475,000
- €1.077.000 → €475.000
Summary:
v3.2
Technical details
{
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}2017
17-07-2017 3 directors appointed, 1 resigning
- Natacha Luyckx, Bestuurder
- Jean-Philippe Sinclair, Bestuurder
- Jean-Christophe Sinclair, Gestion
- Georgette Poncelet, Bestuurder
Summary:
v3.2
Technical details
{
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},
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"person": {
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},
{
"kind": "director_in",
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"person": {
"rrn": null,
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],
"schema": "v3.2",
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}2009
11-05-2009 Georgette Poncelet appointed as director
- Georgette Poncelet, Bestuurder
Summary:
v3.2
Technical details
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"subject_company": {
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}
}Credit advice
Company registry (CBE)
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Projectontwikkeling voor woningbouw70111
Primary activity highlighted.
Names & trade names
| Legal nameFR | IMMODEM |
Registered office
Boulevard d'Avroy 19
4000 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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